Allied Lines
Definition of 'Allied Lines'Any type of property-casualty insurance that is closely related to fire insurance coverage. Allied lines coverage is almost always taken out along with a standard fire insurance policy. Allied lines insurance can include coverage for such things as accounts receivable, data-processing equipment, water damage and vandalism. |
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Investopedia explains 'Allied Lines'Allied lines insurance covers a variety of ancillary coverages in addition to those listed above, including but not limited to:• Demolition charges • Increased cost of construction • Malicious damage • Earthquakes • Radioactive contamination • Sprinkler leakage • Standing timber |
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